Deeptech startup Sthyr Energy raises $1 million from Speciale Invest, Antares Ventures

Here’s a summarized list of the details regarding Sthyr Energy based on the provided information:
Sthyr Energy Overview
- Startup: Sthyr Energy
- Founders:
- Gunjan Kapadia
- Akhil Kongara
- Muhammed Hamdan
- Sector: Deeptech, Energy Storage Systems
- Technology: Mechanically rechargeable Zinc-Air battery systems
- Target Applications:
- Grid operators
- Asset management companies with renewable energy farms
- Microgrids in remote areas
- Defence sector
- Island communities reliant on diesel power
Fundraise Details
- Funding Amount: $1 million
- Funding Series: Seed Funding
- Date of Fundraise: Not specified in the provided information
- Investors:
- Speciale Invest (early-stage investor)
- Antares Ventures (participating investor)
Key Highlights:
- The technology aims for long-duration and seasonal storage.
- Utilizes non-flammable, water-based electrolytes for safety.
- Modular designs for various scale deployments.
- Expected to deliver a competitive levelized cost of energy (LCOE) for long-duration storage, positioning it as a viable alternative to lithium-ion batteries.
Additional Information:
- Highlights the need for long-duration energy storage in countries with high renewable energy penetration, particularly in India.
- Emphasizes the potential impact on renewable energy adoption.
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2025-06-25 18:55:40